Welcome to Limnaria Gardens
FINANCE & THE BUDGET
Never take your eyes off the cash flow because it’s the lifeblood of business. - Sir Richard Branson
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When we stepped into our roles as your committee, our first priority was to review the expenses incurred in running Limnaria Gardens for 2023 (and previous years); and put together our budget for 2024. We are happy to confirm that we have managed to keep the increase to 3.5% (less that the current inflation rate).
MAIL US to send you a copy of the budget.
We set out with great enthusiasm and immediately went to work on some projects to improve the complex, but were not aware initially about some legacy financial challenges that will limit what we can do. This includes:
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needing the security deposit fund, and
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not including an enhancement fund this year to keep the increase low.
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We sent out a letter about this on 12 Dec 2023. MAIL US to send you a copy of this letter.
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We believe that fiscal discipline is better for all rather than heading off on a spending spree. Because of this some of our plans will be moved to Q2 or Q3 to ensure we always have sufficient running capital to keep Limnaria running smoothly.
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We might have to raise a special fund for some projects, but we will keep you aware of this and also ask for you to give us feedback on an online poll that we will set up.
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YOUR payment makes a difference!
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It costs money to maintain Limnaria; and we cannot do it without the input and support of our valued suppliers.
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THANK YOU to all of you who pay your levies - your contribution allows us to keep our complex running smoothly.
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Setting up a SEPA debit order will save you time and avoid you forgetting to pay.
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Budgeting has only one rule: Do not go over budget. - Leslie Tayne